03:56 PM EDT, 06/11/2025 (MT Newswires) -- Health care stocks were mixed late Wednesday afternoon, with the NYSE Health Care Index fractionally higher and the Health Care Select Sector SPDR Fund (XLV) easing 0.1%.

The iShares Biotechnology ETF (IBB) shed 0.5%.

In corporate news, Vivani Medical ( VANI ) shares rose 4.3% after it said Wednesday it appointed Anthony Baldor as chief financial officer. Baldor was previously CFO of Diakonos Oncology, Vivani said.

Cabaletta Bio ( CABA ) shares fell 26% after it said Wednesday it priced an underwritten public offering of securities to raise about $100 million.

Vaxart ( VXRT ) shares jumped 28% after the phase 1 trial of its second-generation oral norovirus vaccine pills met its primary immunological endpoint.

AbbVie ( ABBV ) shares added 0.9% after the US Food and Drug Administration granted a label expansion for Mavyret to treat people with the hepatitis C virus.